Kyle Drennen writes in a Sept. 7 NewsBusters post (emphasis his):
On Friday’s NBC Today, less than two hours before another poor jobs report, co-host Matt Lauer touted a bold economic prediction: “Some of the analysts I’ve been reading have said that no matter who is president over the next four years, the economy will add about 12 million jobs just because of the cycle it’s in.” CNBC Mad Money host Jim Cramer agreed with the rosy scenario: “…a lot of pent-up demand in autos and pent-up demand in exports. It’s not such a bad moment.”
In fact, it’s not just Lauer who is making that prediction — prominent economists are too. According to the Washington Post, Moody’s Analytics, in an August forecast, predicts 12 million jobs will be created by 2016, no matter who is president. Macroeconomic Advisors in April also predicted a gain of 12.3 million jobs.
Also, Drennen is curiously silent on the fact that, as the Post also noted, Mitt Romney has promised to create 12 million jobs. Does that think that was as bold of an economic prediction as Lauer’s?